Safehold Inc. (NYSE:SAFE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Safehold Inc. (NYSE:SAFE) have received a consensus rating of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $28.40.

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on Safehold from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday. Royal Bank of Canada dropped their price target on shares of Safehold from $33.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. JMP Securities assumed coverage on shares of Safehold in a research report on Tuesday, January 23rd. They issued an “outperform” rating and a $35.00 price objective for the company. Jefferies Financial Group initiated coverage on shares of Safehold in a research note on Thursday, January 4th. They set a “buy” rating and a $33.00 price objective on the stock. Finally, The Goldman Sachs Group raised their target price on shares of Safehold from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, January 11th.

Institutional Trading of Safehold

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Safehold by 11.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,709,773 shares of the company’s stock worth $137,234,000 after buying an additional 816,033 shares during the period. BlackRock Inc. grew its stake in shares of Safehold by 51.4% in the first quarter. BlackRock Inc. now owns 7,325,064 shares of the company’s stock valued at $211,511,000 after acquiring an additional 2,487,183 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in Safehold by 24.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,241,562 shares of the company’s stock worth $64,154,000 after acquiring an additional 443,049 shares during the period. UBS Group AG raised its stake in Safehold by 1,002.8% in the 4th quarter. UBS Group AG now owns 2,206,178 shares of the company’s stock worth $51,625,000 after purchasing an additional 2,006,133 shares in the last quarter. Finally, State Street Corp boosted its holdings in Safehold by 43.9% in the 1st quarter. State Street Corp now owns 2,114,552 shares of the company’s stock valued at $62,104,000 after purchasing an additional 645,322 shares during the period. 70.38% of the stock is owned by institutional investors and hedge funds.

Safehold Stock Up 2.2 %

Shares of SAFE stock opened at $18.95 on Friday. The firm’s fifty day moving average price is $20.10 and its two-hundred day moving average price is $19.85. The company has a current ratio of 36.61, a quick ratio of 36.61 and a debt-to-equity ratio of 1.78. Safehold has a 1 year low of $15.00 and a 1 year high of $29.59. The firm has a market capitalization of $1.35 billion, a P/E ratio of -23.40 and a beta of 1.46.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Monday, February 12th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. Safehold had a positive return on equity of 4.31% and a negative net margin of 15.59%. The company had revenue of $103.00 million during the quarter, compared to analysts’ expectations of $84.89 million. During the same quarter last year, the company earned ($6.00) EPS. Safehold’s revenue for the quarter was up 40.3% compared to the same quarter last year. On average, equities analysts predict that Safehold will post 1.52 EPS for the current fiscal year.

Safehold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Wednesday, March 27th. Safehold’s payout ratio is -86.42%.

About Safehold

Safehold Inc (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.